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The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
Some housing subsidies are provided to low income tenants in renting housing. These include shelter allowances, housing supplements, and shelter supplements from regional and local governments designed to help low-income households that spend a large proportion of their income on rent, such as New York City 's Family Eviction Prevention ...
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
Congress in 1974 authorized them to help low-income people find housing in the private marketplace as an alternative to public housing. But don’t get your hopes up. The competition is fierce.
Lower-income applicants (those making under $40,000 a year) were also more likely to be denied (at 59 percent), compared with 43 percent for both those making between $40,000 and $79,999 and 43 ...
The vouchers were created by the federal government in the 1970s to give low-income tenants a greater amount of choice in housing and to ensure they don’t pay more than 30% of their income for it.